An irreverent look at Wall Street
"black and white"Am I supposed to read between the lines?too funny
At least Tiger can't get in trouble now, haha!Hey Plamoni, thanks for the earlier reply. How much you think the company needs to raise to get something substantial going? Eventually, what you think the shares outstanding will end up being? It's currently at 130million.
Estimates for the three year plan are close to $150 million--but that includes the money from joint ventures and also selling of some assets.$30 million will easily cover what they plan on doing nowThey have a lot of projects but the cash flow should be huge. I've seen estimates a few years out of $70 million cash flow.But all this stuff is just estimates on estimates. I'm only using what I've seen that the company has used for costs--and if you get an alluvial project up and running the cash flow will self fund the company if they get $30 million to start
Oh that's great, so basically the company will be nearly self funding after the initial $30 million.Man it's exciting to see gold breaking out to new highs. I just hope management move their asses and execute quickly. What you think the shares will be worth 3-5 years out? I've ran some numbers in excel and I just wanted to get a 2nd opinion.
I think it will be a multi billion dollar company--many times over--they already have the assets--
got in on BBY after the Goldman downgrade at $34--I'm checking today's calls by Goldman to see where i should 'do the opposite'. Any thoughts?I remember thinking it was strange that Goldman would come out and downgrade the stock after it already lost 14 points from $48. Oh, well, I guess Goldman really wanted to buy BBY and they thought $34 wasn't cheap enough--wouldn't it be nice if we could buy it at $33 or $32? Maybe this downgrade will get it there. That was my analysis. Thanks, Goldman it sure was nice to bu BBY at $32. Note-at that time, they still left a price target of $40. hint hint
so for us common holders of MGOL...what do we do? do our shares convert? are they worth nothing and disappear?
your shares are now worth the cost that you paid for them..when th enext funding gets done at $3 versus $1.5 you will have a diuble on your original amount of $ invested
sorry last question, do they convert automatically, or do we have to call Gil and fill in paperwork...?Thanks!!
Palmoni,thanks...does the conversion happen automatically..what happens if we sit on it and how do we do the convo? thanks
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